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Regions Bank Corporate Compliance Function Manager - Remote in Boston, Massachusetts

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.

Job Description:

At Regions, the Corporate Compliance Function Manager operates as a first, second, or third line of defense risk management expert that advises on business and/or product decisions. The manager will have full ownership for one or more products or processes, contributing to process change and redesign in addition to developing business plans, policies, and procedures to support a specific line of business.

Primary Responsibilities

  • Assists in conducting compliance reviews and provides oversight of legal entities, business units, and processes

  • Advises leadership on business and/or product decisions

  • Gathers and provides requested information to regulatory agencies and advises management on potential and ongoing compliance issues

  • Maintains proficient knowledge of rules and regulations and their impact on products, services, and operations

  • Assists in resolving complex problems or transactions, where expertise is required to interpret against policies, guidelines or processes

  • Administers a monitoring and testing program to ensure effective compliance with all applicable laws and regulations

  • Creates and delivers training to assigned business area to increase compliance awareness

  • May supervise day-to-day work of other professional level compliance associates

  • May contribute to workflow or process change and redesign, and risk and control identification

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

This position is incentive eligible.

Requirements

  • Bachelor’s degree and eight (8) years of experience in compliance, quality assurance/control, audit, or other related compliance function specific to a line of business

  • Or High School Diploma or GED and twelve (12) years of experience in compliance, quality assurance/control, audit, or other related compliance function specific to a line of business

  • Knowledge of legal and regulatory environment as it relates to compliance in a specific line of business

Preferences

  • Master’s degree

  • Certified Regulatory Compliance Manager (CRCM)

Skills and Competencies

  • Ability to learn additional systems as needed

  • Ability to research, analyze data, and derive facts

  • Ability to supervise and manage a team

  • Ability to work in a team environment when applicable

  • Ability to work under pressure and meet deadlines

  • Demonstrated leadership capabilities

  • Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)

  • Strong verbal, written communication, and organizational skills

  • Strong work ethic and self-motivation

*This position may be filled at a higher level depending on the candidate's qualifications and relevant experience.

Additional preferences for this specific opportunity

  • Consult and provide support to AML Risk Coordinators (ARC’s) regarding financial crimes regulatory compliance matters within Private Wealth Management

  • Review business and desk procedural updates, as well as other internal changes with BSA implications, to ensure compliance with Enterprise policies and standards

  • Keep informed of and provide support to the risk assessment and suspicious activity assessment processes

  • Oversee issue resolution by the applicable stakeholders within Private Wealth Management

  • Work with stakeholders to identify and monitor control breakpoints and Key Risk Indicators

  • Through New Initiative Risk Assessment participation, evaluate and assign a risk rating to new products, services, strategies, or enterprise impacting technology projects, as well as changes to existing products, services, strategies or enterprise impacting technology products

  • Work with stakeholders to determine whether new or enhanced controls are needed to mitigate risk, and assist with implementation, as necessary

  • Work with Culture, Communication and Training Manager and stakeholders to develop annual Business Unit Specific Financial Crimes training within Private Wealth Management

  • Develop, communicate, oversee, deliver training on new or targeted topics

Position Type

Full time

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the national range and level of the position

Job Range Target:

Minimum:

$73,950.00 USD

Median:

$123,300.00 USD

Incentive Pay Plans:

This role is eligible to participate in the annual discretionary incentive plan. Employees are eligible to receive a discretionary award based on individual, business, and/or company performance.

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

  • Paid Vacation/Sick Time

  • 401K with Company Match

  • Medical, Dental and Vision Benefits

  • Disability Benefits

  • Health Savings Account

  • Flexible Spending Account

  • Life Insurance

  • Parental Leave

  • Employee Assistance Program

  • Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.

https://www.regions.com/welcometour/benefits.rf

Location Details

Regions Center - Birmingham

Location:

Birmingham, Alabama

Bring Your Whole Self to Work

We have a passion for creating an inclusive environment that promotes and values diversity of race, color, national origin, religion, age, sexual orientation, gender identity, disability, veteran status, genetic information, sex, pregnancy, and many other primary and secondary dimensions that make each of us unique as individuals and provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work is the right thing to do.

OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans

About Regions

At Regions, our culture focuses on five core values that are a commitment to how we will do business:

  • Put people first

  • Do what is right

  • Focus on your customer

  • Reach higher

  • Enjoy life

Through these values, our mission to make life better drives our desire to improve and make a positive difference in the communities where we work and live through financial investments and volunteering.

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